In the world of Bitcoin and crypto, everyone is waiting for a bull season. Frankly, most people are probably preparing for the season. At this point, the first point of view is towards Bitcoin. When Bitcoin starts to increase, it drags leading altcoins after it. Since investors are especially aware of this situation, they have been focusing on what the indicators are saying lately. An indicator that has emerged recently informs us that the bull time is approaching. Let’s look at the details together.
Current rate of profit of circulating supply for Bitcoin BTC
The current rate of profit for the circulating supply of Bitcoin BTC points to a promising future for the cryptocurrency. Approximately 79% of the circulating supply, or 15,079,000 BTC, is currently more valuable than before. This significant profitability points to an encouraging situation for Bitcoin investors. Because in case of profitability, supply has a great importance.
The percentage of supply in profit is an important indicator of the cyclical ups and downs of Bitcoin BTC. Looking historically cryptocoin.com Overall, we see less than 50% of supply being profitable at the low points of the cycle. Conversely, the peaks of the cycle are characterized by almost 100% of the supply being in profit.
Current profitability and market outlook
With Bitcoin trading above $30,000, a significant number of investors are currently in a profitable position. This healthy scenario shows that the continued bull run has room for further growth. It also shows that the market is not overheating. Accordingly, it is extremely important that a significant percentage of the supply is in profit. because it also points to the potential for continued upward movement in Bitcoin’s price cycle. In the world of Bitcoin and crypto money, it is strongly recommended that investors follow this important metric closely. It provides valuable insight into the current health of the Bitcoin market and potential future trends. Keeping a close eye on the percentage of supply in profits helps investors make informed decisions and take advantage of market opportunities.
All in all, the current rate of return on Bitcoin’s circulating supply is an encouraging sign for investors. The fact that 79% of the supply is in profit shows that the future of crypto money is promising. By paying attention to this important metric, investors can gain valuable insights into the health and potential trends of the market and make informed investment decisions. When we look at the Bitcoin price, we see that the BTC price has moved a little today. Accordingly, at the time of writing, Bitcoin is trading at $ 30,651. The upcoming timeframes for BTC indicate that $33,000 is an important resistance.
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